Why investing in skills pays off and how to do it right

Why investing in skills pays off and how to do it right (Photo: iStock)

Investing in skills rarely delivers instant results, but over time, the benefits can be significant. Financial literacy expert Patrick Wameyo says there is no single way to invest in a skill that works for everybody.

While the typical view is that learning happens during school years, he notes that you may be lacking a specific practical skill that you can pursue later in life. Some skills can be gained through short-term or long-term training, some require physical attendance, while others can be learnt online. These can significantly improve your ability to do what you were previously unable to do and, in turn, change your earnings.